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Cedros Plaza Apartments 4303 Cedros Ave 15 Unit Apartment Building $5,395,000 ($359,667/Unit) 5.38% Cap Rate Sherman Oaks, CA 91403
Executive Summary
Michael Kamara of Lyon Stahl is pleased to present 4303 Cedros Ave, a 15 unit apartment building
located in Sherman Oaks, a San Fernando Valley neighborhood. Built in 1987, the property consists
of (15) two-bedroom + two-bathroom units. The building is 19,584 gross square feet and sits on a
12,500 square foot lot.
4303 Cedros Ave is located on a quiet, tree-lined residential street in the heart of Sherman Oaks.
Residents enjoy close proximity to popular destinations such as the Sherman Oaks Galleria and
Ventura Boulevard, known for its vibrant mix of boutique shopping, acclaimed restaurants, wine
bars, cafés, and everyday conveniences.
Centrally positioned within the San Fernando Valley, the property offers seamless access to
major transportation routes including the 101 and 405 freeways, providing an easy commute to
surrounding Los Angeles neighborhoods and employment hubs. Its desirable location combines
neighborhood charm with urban accessibility, making it an appealing choice for a wide range of
tenants. The property currently delivers an initial CAP rate of 5.38%, with the potential to reach a
6.62% CAP rate upon unit turnover.
located in Sherman Oaks, a San Fernando Valley neighborhood. Built in 1987, the property consists
of (15) two-bedroom + two-bathroom units. The building is 19,584 gross square feet and sits on a
12,500 square foot lot.
4303 Cedros Ave is located on a quiet, tree-lined residential street in the heart of Sherman Oaks.
Residents enjoy close proximity to popular destinations such as the Sherman Oaks Galleria and
Ventura Boulevard, known for its vibrant mix of boutique shopping, acclaimed restaurants, wine
bars, cafés, and everyday conveniences.
Centrally positioned within the San Fernando Valley, the property offers seamless access to
major transportation routes including the 101 and 405 freeways, providing an easy commute to
surrounding Los Angeles neighborhoods and employment hubs. Its desirable location combines
neighborhood charm with urban accessibility, making it an appealing choice for a wide range of
tenants. The property currently delivers an initial CAP rate of 5.38%, with the potential to reach a
6.62% CAP rate upon unit turnover.
Property Facts
| Price | $5,395,000 | Property Subtype | Apartment |
| Price Per Unit | $359,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.38% | Lot Size | 0.29 AC |
| Sale Condition | 1031 Exchange | Building Size | 19,584 SF |
| Gross Rent Multiplier | 11.64 | No. Stories | 3 |
| No. Units | 15 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 1.73/1,000 SF |
| Zoning | RD1.5 | ||
| Price | $5,395,000 |
| Price Per Unit | $359,667 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.64 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 19,584 SF |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | RD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
Site Amenities
- Laundry Facilities
- Spa
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 15 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2276-013-021 | Improvements Assessment | $3,572,025 |
| Land Assessment | $3,139,053 | Total Assessment | $6,711,078 |
Property Taxes
Parcel Number
2276-013-021
Land Assessment
$3,139,053
Improvements Assessment
$3,572,025
Total Assessment
$6,711,078
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Cedros Plaza Apartments | 4303 Cedros Ave